iZettle and Santander “democratise” cheap card payments

iZettle aims to make it cheaper and easier to accept card payments

Spanish bank Banco Santander has signed a deal with iZettle, a fledgling Swedish payments specialist that focuses on ‘social’ payments. The two companies plan to distribute mini chip-card readers to customers, so that they can accept card payments with smartphones and tablets.

Inside Eurograbber: the £30m mobile banking heist


In the history of bank robberies, the £30 million stolen by the Eurograbber attack in 2012 ranks as one of the all-time biggest, globally. And when you consider that this sum was stolen from more than 30,000 accounts across 30 banks in four European countries, using malware that affected both PCs and bank customers’ mobile […]

People prefer banks for mobile payments, says VocaLink


Banks may have a poor reputation with the public, but the majority of people in the UK would be more likely to adopt mobile payment services if they are provided by a bank.

India’s ICICI teams with mobile operator for Visa service


Indian bank ICICI and local mobile operator Aircel have launched a mobile financial services offering using Visa’s hosted platform solution.

PermataBank pilots BlackBerry Messenger Payments with Monitise

Indonesia is the largest economy in South-East Asia

Indonesia-based  PermataBank has developed the first mobile payments service for the BlackBerry Messenger service.  The bank has teamed up with UK mobile banking solutions provider Monitise to roll out a commercial pilot of BBM Money in the country ahead of a full launch. BlackBerry users will have the option to access a Mobile Money account from their […]

War on Cash making slow progress in Europe


While card payments continue to grow – up by 10% in 2011 – the use of cash is still growing “at a more than healthy pace”, says the latest edition of the European Payment Cards Yearbook. The use of cards to withdraw cash at automated teller machines was also up – with 17.3% more ATMs issuing 2% more cash during the year.

Commerzbank adopts visual security tool for mobile payments

Commerzbank has adopted new security tools

Germany’s Commerzbank has adopted a visual transaction signing tool from British security firm Cronto for its online banking customers, designed to protect against Trojan malware.

Industry veteran jumps ship to mobile operator payment venture

Sear is a well-know figure in the payments industry

Weve, the advertising and commerce joint venture between mobile network operators Vodafone, O2 and EE, has hired payments industry veteran David Sear as its permanent chief executive.

Western Union: Expanding on all fronts

Alvisini: compliance is a key asset

As the global payments markets changes, Western Union has plans to change with it. Massimiliano Alvisini, regional director UK, Ireland & Nordics explains how and why.

More than a third of euro transactions lack accurate SEPA data

New research from Experian shows that “only 65% of euro transactions have fully accurate destination routing data and 12% of electronic payments made to and from businesses in euros currently contain data errors”.